000 01756nam a22001697a 4500
003 OSt
005 20151215192510.0
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100 _aSHARMA, RENUKA: MEHTA, KIRAN
_920140
245 _aSIZE EFFECT AND SEASONALITY IN SIZE-SORTED PORTFOLIOS: EVIDENCES FROM INDIA
_cSHARMA, RENUKA
260 _aJAIPUR
_bDR. PRAVEEN JAIN - RESEARCH DEVELOPMENT ASSOCIATION
_cSEPTEMBER 2015
300 _a3-36
500 _aTHE SIZE OR MARKET CAP OF A COMPANY IS A REFLECTION OF ITS BUSINESS ACTIVITIES. THE STYLE MANAGERS HAVE ARGUED THAT IT IS NOT MANDATORY TO INVEST IN A LARGE CAP STOCK. A STYLE BASED ON MID-CAP OR SMALL-CAP CAN ALSO RESULT IN ABNORMAL RETURNS. ONCE A PORTFOLIO STRATEGY IS DRAWN, THE NEXT FOCUS OF A PORTFOLIO MANAGER IS TO IDENTIFY IF ANY SPECIFIC TIME IN A CALENDAR YEAR EXISTS WHICH MAY RESULT IN SIGNIFICANT ABNORMAL RETURNS. THE OBJECTIVE OF PRESENT STUDY IS TO EXAMINE THE SIZE EFFECT, I.E., SIZE OF THE STOCK AFFECT THE RETURN PERFORMANCE OF THE SIZE-SORTED PORTFOLIO OR NOT. IN ADDITION TO THIS, THE SEASONAL PERFORMANCE OF THE PORTFOLIOS HAS ALSO BEEN EXAMINED TO STUDY MONTH OF THE YEAR AMOMALY. THE PRESENT STUDY HAS TAKEN A TIME PERIOD OF AROUND 20 YEARS, I.E., MARCH 1995 TO MARCH 2015. THE FINDINGS OF THE PRESENT STUDY HAVE GIVEN VARIOUS CUES FOR SIZE EFFECT AND SEASONALITY IN SIZE-SORTED PORTFOLIOS. FOR A LONGER-TERM INVESTMENT, ALL SIZE-SORTED PORTFOLIOS PERFORM SIGNIFICANTLY. THEREFORE INVESTORS CAN INVEST IN ANY TYPES OF SIZE-SORTED PORTFOLIO DEPENDING UPON THEIR INCOME LEVEL.
651 _aEQUITY PORTFOLIOS, INDIAN STOCK MARKET, SIZE EFFECT, SEASONALITY
_920141
942 _2ddc
_cJA-ARTICLE
773 0 _029506
_955702
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_d
_o5555125
_tJOURNAL OF ACCOUNTING AND FINANCE
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999 _c40904
_d40904